Stocks in the news (apco, beauty, dna, global, glow, ifec, ivl, kce, ptt, sappe, thcom, tkn, true, xo) 12.05.16

APCO
APCO reported profit growth 12.16% in 1Q16 supported by increased sales. It plans to expand its business nationwide. It targets revenue growth of no less than 10% in 2016. (Thun Hoon, 12/5/16)
Comment: They have yet to be able to reach the heights that everyone was expecting 2 years ago
 
BEAUTY
BEAUTY reported 1Q16 net profit of Bt129mn, growth of 70%, supported by more revenue from adding branches, supporting customer demand in Thailand and abroad. (Kao Hoon, 12/5/16)
Comment: And the growth just continues and continues and continues
DNA
DNA board approved a budget of Bt4.39mn for its subsidiary “My Network” to acquire 51% of AEK stock. It plans to do an ICT business in Laos. It targets to have AEK be in the top three brands within two years. (Kao Hoon, 12/5/16)
Comment: This company seems to have the funniest dealings…
 
GLOBAL
GLOBAL reported net profit of Bt451mn or growth of 108% due to increasing sales and higher gross profit. It is confident that 2016 revenue will grow no less than 10%. It plans to open 12 new branches, three in June. It plans to invest in Myanmar and Cambodia. (Kao Hoon, 12/5/16)
Comment: Rather surprising turnaround and growth in their 1Q. Is upcountry back?

GLOW
GLOW reported 1Q16 net profit of Bt2.76bn, growth of 27%. (Kao Hoon, 12/5/16)
IFEC
IFEC continues to develop Dara Dhevi Chiangmai worth Bt5bn. It prepares to sell 40 rai to a JV company in exchange for a 49% holding. It expects to book more profit in 2Q16. (Thun Hoon, 12/5/16)
IVL
IVL expects 2Q16 earnings to continue to be good supported by increased capacity. It expects 2016 revenue to grow 20%. It plans to increase its EPS to grow 4X from 2014. It will go on a roadshow in the USA and Singapore in May. (Kao Hoon, 12/5/16)
Comment: Look at the warrants go! 
KCE
KCE reported net profit of Bt751mn, growth of 46.9%, on total revenue of Bt3.5bn, up 22.4% in 1Q16 supported by more capacity after its new factory began running at full capacity. (Kao Hoon, 12/5/16)
Comment: And its going to grow and grow and don’t be surprised to see that there will be more expansion with its new factory coming online this year.
PTT
PTT will report 1Q16 earnings today. It expects profit of more than Bt23.66bn, with a 7.5% rise in from oil plus gains from the weaker baht. It expects 2Q16 earnings to continue to grow. It has budgeted Bt20bn to expand to 1,600 oil stations. (Thun Hoon, 12/5/16)
SAPPE
SAPPE expects 2Q16 to be good due to high season. It targets revenue growth of 15% from 2015 supported by more customers and reduced cost after closing the Bangchan factory. (Thun Hoon, 12/5/16)
Comment: Relatively disappointing earnings given that TKN has been able to do very well in China.
SMPC
SMPC expects 2Q16 to be good after its 1Q16 earnings grew 166.5%, brought by the weaker baht and cost control. It plans to expand abroad and expects sales to increase 20%. (Thun Hoon, 12/05/16)
THCOM
THCOM reported 1Q16 earnings of Bt700mn from 1Q15’s Bt540mn, backed by its satellite and Internet business and subsidiaries. (Thun Hoon, 12/05/16)
TKN
TKN posted 1Q16 net profit of Bt160mn (213% growth) with Bt1.01bn in revenue brought by higher sales at home and abroad. It plans to invest in a new plant to increase capacity to support high demand. It expects to become a leader in Asian and global brand. (Thun Hoon, 12/05/16)
Comment: Just amazing. *smash head against the wall*
TRUE
TRUE-T1 will trade today, with exercise price at Bt7.15/share. It expects this to provide Bt60bn to support its business. It expects to be #2 by 2018. (Khao Hoon, 12/05/16)
XO
XO reported high 1Q16 net profit of 34.78mn, up 56.46%. It expects 2Q16 earnings to be good because of its expansion and numerous orders. It expects to revise up its revenue target. (Thun Hoon, 12/05/16)
Comment: I still wonder about them, their products are highly visible in every grocery store that I frequent in Bangkok. 
If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.

Leave a Reply

Your email address will not be published. Required fields are marked *